State Budget approved by the State Great Khural provisioned the copper prices to be at USD 6500, while the current market prices are at USD 5700, which might impose negative outcomes at the budget income.
Budget deficit usually come evident around Octorber of each year with the interruption of the operations of state entities. This situation has started quite early for this year as Ulaanbaatar Railroad and other state owned entities are facing problems with their salaries.
As the prices of main commodity of Mongolia copper, which is the main contributor to Mongolia's state budget, is falling at the international market, there might be possible adjustments at the State Budget this spring.
State Budget approved by the State Great Khural provisioned the copper prices to be at USD 6500, while the current market prices are at USD 5700, which might impose negative outcomes at the budget income.
Budget deficit usually come evident around Octorber of each year with the interruption of the operations of state entities. This situation has started quite early for this year as Ulaanbaatar Railroad and other state owned entities are facing problems with their salaries.
As the prices of main commodity of Mongolia copper, which is the main contributor to Mongolia's state budget, is falling at the international market, there might be possible adjustments at the State Budget this spring.